Case Law Details
Case Name : CIT Vs Canon India Pvt. Ltd. (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Brief of the Case
In the case of CIT v Canon India Pvt. Ltd., Hon’ble High Court held that whenever a subsidiary company is getting subsidy from it’s holding company, then the amount of subsidy which has not been spent will not be considered as income of the Assessee.
Facts of the Case
The Assessee is a subsidiary company which started its operations in India in 1996. During the course of its business, the Assessee e
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